Chevrolet Corvette Insurance Rates
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Apr 4, 2024
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Are Corvettes expensive to insure? Corvettes can be more expensive to insure than most vehicles. Exactly how much is Corvette insurance from major insurers? The average insurance cost for a Corvette is $1,864 a year, or $155 a month. Read on to learn how to find the cheapest Chevrolet Corvette insurance rates.
Enter your ZIP code in our free rate tool above to start comparing Corvette insurance quotes and save on Corvette insurance costs.
Estimated auto insurance rates for a Chevrolet Corvette are $1,790 annually including full coverage. Comprehensive insurance costs an estimated $494, collision insurance costs $922, and liability insurance costs around $264. A policy with only liability insurance costs as low as $312 a year, and a high-risk policy costs $3,870 or more. Teens pay the most at up to $6,090 a year.
Average premium for full coverage: $1,790
Premium estimates broken down by type of coverage:
Rate estimates include $500 deductible amounts, 30/60 bodily injury liability limits, and includes medical and UM/UIM coverage. Rates include averaging for all 50 U.S. states and for all Corvette models.
Insurance Price Range by Risk and Coverage
For an average driver, insurance rates for a Chevrolet Corvette range from as cheap as $312 for just liability insurance to the much higher price of $3,870 for a driver who requires high-risk insurance.
Insurance Price Range by Location
Where you live has a significant impact on the price of auto insurance. More rural locations are statistically proven to have fewer comprehensive and collision claims than cities with more traffic congestion. The example below illustrates the effect of geographic area on insurance prices.
These rate differences highlight why everyone should compare prices for a targeted area and their own personal driving habits, rather than relying on averaged prices.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
More Rate Details
The chart below breaks down average Chevrolet Corvette insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $977
- Using higher $1,000 deductibles will save approximately $320 every year
- The estimated rate for a 40-year-old good driver who has $500 deductibles is $1,790
- Selecting pricier low deductibles for physical damage coverage costs an additional $628 a year
- Drivers with serious driving violations could pay up to $3,870
- An auto insurance policy with full coverage for a teen driver for full coverage can cost as much as $6,090 or more
Car insurance prices for a Chevrolet Corvette also have a wide range based on the model of your Corvette, your driving characteristics, and liability limits and deductibles.
A more mature driver with no driving violations and high physical damage deductibles could pay as little as $1,600 a year, or $133 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they will be charged at least $6,000 a year. View Rates by Age
If you have a few violations or you caused a few accidents, you are likely paying $2,100 to $2,800 extra annually, depending on your age. Chevrolet Corvette insurance for high-risk drivers can be anywhere from 46% to 132% more than the average policy. View High Risk Driver Rates
Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $950 each year, whereas buying more liability protection will increase premiums. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost up to $237 extra every 12 months. View Rates by Deductible or Liability Limit
Where you choose to live has a huge impact on Chevrolet Corvette insurance rates. A driver around age 40 might see prices as low as $1,370 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $2,550 on average in Louisiana, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,618 | -$172 | -9.6% |
| Alaska | $1,374 | -$416 | -23.2% |
| Arizona | $1,486 | -$304 | -17.0% |
| Arkansas | $1,790 | -$0 | 0.0% |
| California | $2,040 | $250 | 14.0% |
| Colorado | $1,710 | -$80 | -4.5% |
| Connecticut | $1,838 | $48 | 2.7% |
| Delaware | $2,026 | $236 | 13.2% |
| Florida | $2,236 | $446 | 24.9% |
| Georgia | $1,652 | -$138 | -7.7% |
| Hawaii | $1,286 | -$504 | -28.2% |
| Idaho | $1,214 | -$576 | -32.2% |
| Illinois | $1,334 | -$456 | -25.5% |
| Indiana | $1,348 | -$442 | -24.7% |
| Iowa | $1,210 | -$580 | -32.4% |
| Kansas | $1,700 | -$90 | -5.0% |
| Kentucky | $2,438 | $648 | 36.2% |
| Louisiana | $2,650 | $860 | 48.0% |
| Maine | $1,104 | -$686 | -38.3% |
| Maryland | $1,478 | -$312 | -17.4% |
| Massachusetts | $1,430 | -$360 | -20.1% |
| Michigan | $3,106 | $1,316 | 73.5% |
| Minnesota | $1,498 | -$292 | -16.3% |
| Mississippi | $2,146 | $356 | 19.9% |
| Missouri | $1,590 | -$200 | -11.2% |
| Montana | $1,924 | $134 | 7.5% |
| Nebraska | $1,412 | -$378 | -21.1% |
| Nevada | $2,148 | $358 | 20.0% |
| New Hampshire | $1,292 | -$498 | -27.8% |
| New Jersey | $2,000 | $210 | 11.7% |
| New Mexico | $1,586 | -$204 | -11.4% |
| New York | $1,884 | $94 | 5.3% |
| North Carolina | $1,030 | -$760 | -42.5% |
| North Dakota | $1,466 | -$324 | -18.1% |
| Ohio | $1,236 | -$554 | -30.9% |
| Oklahoma | $1,836 | $46 | 2.6% |
| Oregon | $1,644 | -$146 | -8.2% |
| Pennsylvania | $1,706 | -$84 | -4.7% |
| Rhode Island | $2,386 | $596 | 33.3% |
| South Carolina | $1,622 | -$168 | -9.4% |
| South Dakota | $1,510 | -$280 | -15.6% |
| Tennessee | $1,566 | -$224 | -12.5% |
| Texas | $2,156 | $366 | 20.4% |
| Utah | $1,324 | -$466 | -26.0% |
| Vermont | $1,222 | -$568 | -31.7% |
| Virginia | $1,074 | -$716 | -40.0% |
| Washington | $1,382 | -$408 | -22.8% |
| West Virginia | $1,644 | -$146 | -8.2% |
| Wisconsin | $1,238 | -$552 | -30.8% |
| Wyoming | $1,592 | -$198 | -11.1% |
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Chevrolet Corvette 2-Dr Coupe | $1,482 | $124 |
| Chevrolet Corvette GS 2-Dr Coupe | $1,652 | $138 |
| Chevrolet Corvette 2-Dr Convertible | $1,796 | $150 |
| Chevrolet Corvette GS 2-Dr Convertible | $1,878 | $157 |
| Chevrolet Corvette Z06 2-Dr Coupe | $1,820 | $152 |
| Chevrolet Corvette ZR1 2-Dr Coupe | $2,342 | $195 |
Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Chevrolet Corvette | $516 | $930 | $258 | $1,814 |
| 2023 Chevrolet Corvette | $494 | $922 | $264 | $1,790 |
| 2022 Chevrolet Corvette | $478 | $900 | $274 | $1,762 |
| 2021 Chevrolet Corvette | $462 | $862 | $284 | $1,718 |
| 2020 Chevrolet Corvette | $436 | $832 | $292 | $1,670 |
| 2019 Chevrolet Corvette | $420 | $772 | $298 | $1,600 |
| 2018 Chevrolet Corvette | $402 | $728 | $300 | $1,540 |
| 2017 Chevrolet Corvette | $386 | $652 | $304 | $1,452 |
| 2016 Chevrolet Corvette | $360 | $600 | $304 | $1,374 |
| 2015 Chevrolet Corvette | $348 | $562 | $306 | $1,326 |
| 2014 Chevrolet Corvette | $340 | $526 | $312 | $1,288 |
| 2013 Chevrolet Corvette | $314 | $488 | $312 | $1,224 |
| 2012 Chevrolet Corvette | $306 | $442 | $316 | $1,174 |
| 2011 Chevrolet Corvette | $286 | $406 | $312 | $1,114 |
| 2009 Chevrolet Corvette | $260 | $330 | $310 | $1,010 |
| 2008 Chevrolet Corvette | $256 | $322 | $304 | $992 |
| 2007 Chevrolet Corvette | $252 | $308 | $298 | $968 |
| 2006 Chevrolet Corvette | $230 | $292 | $294 | $926 |
| 2005 Chevrolet Corvette | $222 | $278 | $292 | $902 |
Rates are averaged for all Chevrolet Corvette models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Buy the Best Chevrolet Corvette Insurance
Finding better rates on Chevrolet Corvette insurance requires having a good driving record, having a good credit score, refrain from filing small claims, and possibly higher deductibles. Take the time to compare rates at every other renewal by getting rate quotes from direct car insurance companies, and also from insurance agencies where you live.
The next list is a brief recap of the concepts that were covered in the above illustrations.
- High-risk drivers who tend to receive serious violations could be forced to pay on average $2,080 more annually to buy Chevrolet Corvette insurance
- Drivers age 20 and younger have the highest car insurance prices, with the cost nearing $508 per month if comprehensive and collision insurance is included
- You may be able to save approximately $230 per year just by quoting online well ahead of the renewal date
- Increasing policy deductibles could save up to $950 each year
- You may be able to save approximately $230 per year just by quoting online well ahead of the renewal date
How much does it cost to insure a Corvette if you have a poor record? Generally, the cost to insure a Corvette will be at least $500 more if you have a DUI or reckless driving charge. And if you are wondering how much is insurance on a Corvette for a 16 or 18-year-old, it will usually be at least $1,000 more than a normal policy.
The best way to find cheap Corvette average prices is to shop around for a Corvette comparison chart of insurance rates. Whether you are looking for the best Corvette insurance as a 20-year-old or want to find out how much is insurance for a 2019 or 2020 Corvette, shop around to find the best Corvette car insurance price.
It’s important to also know if you need collector car insurance or standard auto insurance. There are different auto insurance companies, and some do both or just one type. Classic car insurance is for an older collector vehicle that needs to be insured a bit different than your standard newer vehicle.
Use our free tool below to shop around for everything from the insurance cost for a Corvette Stingray to Corvette insurance costs for 18-year-olds and 20-year-olds.
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What are the safety ratings of the Chevrolet Corvette?
Chevrolet Corvette safety ratings and features are important when it comes to calculating rates. The safer your car is, the more discounts you will receive. The newest model of the Chevrolet Corvette has some great advanced safety features, such as a rearview camera, a head-up display, and a front curb-view parking camera.
However, the Insurance Institute of Highway Safety (IIHS) has not crash-tested the Chevrolet Corvette. This means that insurance costs will be calculated on overall crash test ratings for sports cars, even if the Chevrolet Corvette is safer than other sports cars.
How does the Chevrolet Corvette compare against other vehicles in the same class?
The Chevrolet Corvette is a midsize, luxury sports car, which usually means it will have higher liability rates because it is more prone to crashing. While 2014 Corvette insurance rates might be different than insurance on a 2020 Corvette because the 2020 model has more safety features that prevent crashes, you can expect rates on luxury sports cars to be higher on all model years.
The good news is that the IIHS found that the Chevrolet Corvette’s liability rates were substantially better than average in comparison to other sports cars. This doesn’t mean you’ll have cheap rates, but your rates will be cheaper than average for sports cars.
If you are curious how the Chevrolet Corvette’s insurance rates compare to other sports cars, take a look at the list below.
Ready to start shopping for Corvette insurance? Whether you want 2019 or 2020 Corvette insurance cost comparisons or a decades-old model quote, enter your ZIP code in our free tool.
References
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $6,090 |
| 20 | $4,104 |
| 30 | $1,912 |
| 40 | $1,790 |
| 50 | $1,626 |
| 60 | $1,596 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,418 |
| $250 | $2,126 |
| $500 | $1,790 |
| $1,000 | $1,470 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,790 |
| 50/100 | $2,395 |
| 100/300 | $2,461 |
| 250/500 | $2,632 |
| 100 CSL | $2,421 |
| 300 CSL | $2,566 |
| 500 CSL | $2,672 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $8,826 |
| 20 | $6,534 |
| 30 | $4,006 |
| 40 | $3,870 |
| 50 | $3,684 |
| 60 | $3,652 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $101 |
| Multi-vehicle | $91 |
| Homeowner | $22 |
| 5-yr Accident Free | $151 |
| 5-yr Claim Free | $120 |
| Paid in Full/EFT | $97 |
| Advance Quote | $97 |
| Online Quote | $134 |
| Total Discounts | $813 |
Discounts are estimated and may not be available from every company or in every state.
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